Examples of Milestone Event in a sentence
The Operator must: use reasonable endeavours to achieve each Milestone Event on or before the relevant Milestone Date (Scheduled) including achieving Commercial Operation on or before the COD (Target); and achieve Commercial Operation on or before the COD (Sunset).
If a Milestone Event is not achieved by the relevant Milestone Date (Scheduled), the Operator must continue to use reasonable endeavours to achieve the Milestone Event as soon as reasonably practicable after the relevant Milestone Date (Scheduled).
The Operator must notify the Commonwealth 20 Business Days prior to the date on which it reasonably expects to achieve a Milestone Event.
After the Operator has completed those requirements, it must issue a further notice under clause 5.1(d) and repeat the process set out in clauses 5.1(d) to this 5.1(f) until the relevant Milestone Event is achieved.
Each of the Milestone Event (Scheduled), COD (Target) and COD (Sunset): may be adjusted: in accordance with clause 8; or by written agreement between the parties including under a ME Cure Plan; and are not subject to adjustment for any other reason.